Ministry of Finance, State Administration of Taxation and General Administration of Customs, 29th Olympics Taxation Policy Issues Circular

财政部、国家税务总局、海关总署关于第29届奥运会税收政策问题的通知

March 31, 2003 | BY

clpstaff &clp articles &

Tax treatment for the 2008 Beijing Olympics.

Clp Reference: 3200/03.01.22 Promulgated: 2003-01-22 Effective: 2003-01-22

Issued: January 22 2003
Effective: as of date of issue

Main contents: Section One of the Circular relates to preferential tax policies applicable to the Organizing Committee of the 29th Olympics. Part Two contains preferential tax policies enjoyed by the International Olympic Committee and other participants in the Olympics. Enterprises and social organizations can deduct the full amount of the funds or expenses on materials they donate or sponsor to the Olympics from taxable income (Section Two (4)). The International Olympic Committee and the Chinese Olympic Committee shall also be exempt from paying the stamp tax on any Olympics-related contracts they sign (Section Two (5)).

clp reference:3200/03.01.22promulgated:2003-01-22effective:2003-01-22

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]